Citigroup Maintains Neutral on Advance Auto Parts, Lowers Price Target to $45
Citigroup analyst Steven Zaccone maintains Advance Auto Parts (NYSE:AAP) with a Neutral and lowers the price target from $57 to $45.
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Earnings back in focus on Thursday: Benzinga-selected slate runs from big-box retail and off-price apparel to industrial machinery & niche tech. Walmart is the marquee name, with 4.50% implied move. Deere & Ross Stores also reporting with 5.64% and 6.94% implied moves respectively.
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Citigroup analyst Steven Zaccone maintains Advance Auto Parts (NYSE:AAP) with a Neutral and lowers the price target from $57 to $45.
AAP reports mixed Q2 results. Analysts lower price targets amid concerns about reinvestment and sales acceleration.
Goldman Sachs analyst Kate McShane maintains Advance Auto Parts (NYSE:AAP) with a Sell and lowers the price target from $54 to $40.
Truist Securities analyst Scott Ciccarelli maintains Advance Auto Parts (NYSE:AAP) with a Hold and lowers the price target from $62 to $43.